[colesantiago]

Even worse.

So how is Tangled investable at all to deliver a 10x return to the investors that funded it?

[Kye]

I don't have the background to make sense of it easily, but the lead for the round publishes its term sheet details: https://www.byfounders.vc/insights/term-sheet-guide

There might be some insight in there as to why they invested knowing lock-in wasn't on the table.

[colesantiago]

So no monetization strategy that doesn't warrant 10x returns?

[Kye]

10x returns is a meme. It's not a global standard.

[colesantiago]

Not a meme, but since there is no monetization strategy it is less likely going to be a 10x exit.